TDS new rule 25% reduction

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amruth (Querist)
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25 May 2020 Hi All

My question is now from 13.5.2020 government has reduced TDS 25% on non-salaries for example : on Rent 10% TDS was there 200000x10%=20000/- now 25% reduction means 7.5% TDS is applicable so for new TDS deduction is 200000x7.5%=15000/- on rent. Please clarify.

Thanks & Regards.
Amruth Kumar

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 May 2020 Yes now 25% reduction means 7.5% TDS is applicable so for new TDS deduction is 200000x7.5%=15000/- on rent.

amruth

amruth (Querist)
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27 May 2020 Ok Sir Thanks very much, TDS on contract for companies 2-0.25=1.75% and TDS professionals 10-2.5=7.5% and so on for all TDS. This upto 31st March 2021.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 May 2020 Welcome..................

amruth

amruth (Querist)
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03 June 2020 Dear Sir,

If new rule on TDS starts from 13.5.2020, if we get a invoice on 2nd May 2020 then which TDS rule is applicable. New TDS rule or Old TDS rule applicable.

Thanking you

Amruth Kumar

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2020 New TDS rule applicable if payment is made after 13th May.

amruth

amruth (Querist)
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04 June 2020 Thanks very much Sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 June 2020 You are welcome........

amruth

amruth (Querist)
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09 June 2020 Dear Sir,

TDS Payments due dates extended for the financial year 2020-2021. Due to Lockdown.

Thanking you

Amruth Kumar

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 June 2020 Due date of payment of TDS has NOT been extended.

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